M/S Siddhartha Corrugated Carton Box Industries v. the Branch Manager Union Bank of India
Case brief
What is this about?
NC: 2025:KHC:33960; High Court of Karnataka, Bengaluru; WRIT PETITION NO. 12298 OF 2025 (GM-RES); decided 01.09.2025 by Hon'ble Mr. Justice B M Shyam Prasad. Keywords: SARFAESI Act; Section 13(4) possession notice; Section 13 enforcement proceedings; Section 17 DRT remedy; writ under Articles 226 and 227; quashing of possession notice declined; petition disposed with liberty to approach DRT; post-notice payments and representation plea noted; bank submitted no further measures taken. Petitioner: M/S Siddhartha Corrugated Carton Box Industries (counsel Sri Lakshmikanth K); Respondent: Branch Manager, Union Bank of India, Pandavapura Branch (counsel Sri Prabhu Rao C B).
What did the court decide?
Liberty to the petitioner to avail the remedy before the Debt Recovery Tribunal under Section 17 of the SARFAESI Act, with all contentions left open; no adjudication on the validity of the possession notice.